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Dell Appoints New CFO

Don Carty will leave the company in June but remain on the board of directors.

Dell's chief financial officer is leaving the company and being replaced by the former head of a plastics company that had been part of General Electric, company officials announced May 19.

Don Carty will leave his CFO position on June 13 and be replaced by Brian Gladden, former president and CEO of SABIC Innovative Plastics Holding, which had been formerly called GE Plastics. Carty will remain on Dell's board of directors.

During its fiscal fourth quarter, which ended Feb. 1, Dell's net income was $679 million, or 33 cents per share, which is a 6.5 percent drop from the $726 million in net income the company posted a year ago. For the quarter, Dell's revenue increased from $14.5 billion last year to $16 billion this year. The company's next financial report is scheduled for May 29.

In a statement, Michael Dell did not indicate why Carty, who has been with the company since 1992 and had previously worked as a top executive with AMR, parent company of American Airlines, decided to leave now.

"Don has played a key role in re-establishing transparency and integrity in our financial practices and we are extremely grateful to have had his leadership. We look forward to his continuing contributions and experience," Dell said in a statement, which referred to the company's problems with the U.S. Securities and Exchange Commission that plagued the company's finances in 2007.

Carty is not the only executive to leave the company. Earlier this month, The Wall Street Journal reported the retirement of Marty Garvin, who oversaw procurements at Dell, and the upcoming departure of Thomas Welch, a vice president in the legal department.